The Chancellor of the Exchequer, Philip Hammond is attending the first ever joint meeting of G20 Finance and Health Ministers in Osaka, Japan today (28 June).

The health and economic prosperity of future generations is at risk unless we act urgently to address antimicrobial resistance, the Chancellor of the Exchequer, Philip Hammond will say today during the first ever joint meeting of G20 Finance and Health Ministers in Osaka, Japan (28 June).

Drug-resistant bugs are responsible for more than 700,000 deaths per year across the globe and this figure is expected to rise to 10 million by 2050 if action isn’t taken. It is also predicted that by 2050 antimicrobial resistance will cause a loss of between 1.1% and 3.8% from annual global (GDP).